Fortune Shoes (DHA:FORTUNE) Debt-to-Equity: 0.00 (As of . 20)

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DHA:FORTUNE Fortune Shoes Ltd DHA:FORTUNE
28 GF Score
Price BDT17.80
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What is Fortune Shoes Debt-to-Equity?

Fortune Shoes DHA:FORTUNE -3.78% 28 Debt-to-Equity is 0.00 as of . 20. GuruFocus rates DHA:FORTUNE with a GF Score™ of 28/100. Among 931 Manufacturing - Apparel & Accessories companies, Fortune Shoes ranks worse than 107411.28% on this metric.

Fortune Shoes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was BDT0.00 Mil. Fortune Shoes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was BDT0.00 Mil. Fortune Shoes's Total Stockholders Equity for the quarter that ended in . 20 was BDT0.00 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Fortune Shoes's Debt-to-Equity or its related term are showing as below:

DHA:FORTUNE's Debt-to-Equity is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Fortune Shoes  (DHA:FORTUNE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Fortune Shoes Debt-to-Equity Related Terms

Fortune Shoes Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Fortune Shoes's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortune Shoes Debt-to-Equity Chart

Fortune Shoes Annual Data
Trend
Debt-to-Equity

Fortune Shoes Semi-Annual Data
Debt-to-Equity

Fortune Shoes Debt-to-Equity Competitor Comparison

For the Footwear & Accessories subindustry, Fortune Shoes's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortune Shoes Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fortune Shoes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fortune Shoes's Debt-to-Equity falls into.


DHA:FORTUNE
28GF Score
Fortune Shoes Ltd DHA:FORTUNE
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortune Shoes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortune Shoes's Debt to Equity Ratio for the fiscal year that ended in . 20 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=( + ) / N/A
=N/A

Fortune Shoes's Debt to Equity Ratio for the quarter that ended in . 20 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=( + ) /
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.00 mean?
Fortune Shoes (DHA:FORTUNE) has a Debt-to-Equity of 0.00 as of . 20. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fortune Shoes and its competitors. According to the industry distribution chart, Fortune Shoes ranks #999999 out of 931 companies in the Manufacturing - Apparel & Accessories industry.
Is Fortune Shoes' Debt-to-Equity too high?
Fortune Shoes' current Debt-to-Equity is 0.00. Based on the distribution chart, Fortune Shoes ranks #999999 out of 931 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Fortune Shoes has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Fortune Shoes' Debt-to-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fortune Shoes ranks #999999 out of 931 companies for Debt-to-Equity. This places Fortune Shoes in the lower half of its industry. The industry median Debt-to-Equity is 0.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.42, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fortune Shoes and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortune Shoes's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Shoes stock overvalued right now?
Fortune Shoes (DHA:FORTUNE) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Fortune Shoes' overall GF Score™ is 28/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Fortune Shoes (DHA:FORTUNE), the current Debt-to-Equity is 0.00 as of . 20. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fortune Shoes Business Description

Address Road No. 08, Plot No. 34 & 36, Block E, Suite C-3, Moon Island, Gulshan-1, Niketon, Dhaka, BGD, 1212
Fortune Shoes Ltd is engaged in manufacturing and exporting leather shoes and footwear.
28GF Score

Get the complete analysis for DHA:FORTUNE

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT17.80
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